Padley ruffles feathers of the fund managers

September 19, 2016roymorgansocial Leave a comment

Original article by Vanessa Desloires
The Australian Financial Review – Page: 20 : 19-Sep-16

Stockbroker Marcus Padley says the emergence of separately managed accounts represents a major change for the funds management industry. Padley is best known for the "Marcus Today" investment newsletter, which was launched in 1998. Marcus Today Investment Strategists has launched two SMAs, in which the client directly owns the shares. Padley favours IT stocks such as NextDC and Aconex, and healthcare stocks like Cochlear and Mayne Pharma.

CORPORATES
MARCUS TODAY INVESTMENT STRATEGISTS PTY LTD, BELL SECURITIES LIMITED, MORNINGSTAR PTY LTD, STANDARD AND POOR’S ASX 200 ACCUMULATION INDEX, AITKEN INVESTMENT MANAGEMENT PTY LTD, NEXTDC LIMITED – ASX NXT, ACONEX LIMITED – ASX ACX, COCHLEAR LIMITED – ASX COH, MAYNE PHARMA GROUP LIMITED – ASX MYX, MEGAPORT LIMITED – ASX MP1, NANOSONICS LIMITED – ASX NAN, SPARK INFRASTRUCTURE GROUP – ASX SKI, VOCUS COMMUNICATIONS LIMITED – ASX VOC, CHORUS LIMITED – ASX CNU, SUPERLOOP LIMITED – ASX SLC, SPEEDCAST INTERNATIONAL LIMITED – ASX SDA, NETCOMM WIRELESS LIMITED – ASX NTC, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, CREDIT CORP GROUP LIMITED – ASX CCP, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, MACQUARIE GROUP LIMITED – ASX MQG, TELSTRA CORPORATION LIMITED – ASX TLS

Investors face nervous wait ahead of rate calls

September 19, 2016roymorgansocial Leave a comment

Original article by Patrick Commins
The Australian Financial Review – Page: 19 : 19-Sep-16

The upcoming monetary policy meetings of the US Federal Reserve and the Bank of Japan will be a focus for Australian investors in the week beginning 19 September 2016. Futures markets have priced in a 20 per cent chance that the Federal Reserve will increase the cash rate, and Paul Ashworth of Capital Economics says a rate rise in December is more likely. The minutes from the Reserve Bank of Australia will also be released, and Philip Lowe will appear before Parliament for the first time in his new role of RBA governor.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, BANK OF JAPAN, RESERVE BANK OF AUSTRALIA, CAPITAL ECONOMICS LIMITED, RESERVE BANK OF NEW ZEALAND, STANDARD AND POOR’S ASX 200 INDEX, WESTPAC BANKING CORPORATION – ASX WBC, AMP CAPITAL INVESTORS LIMITED, EUROPEAN CENTRAL BANK, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Global fundies not counting on a crash

September 15, 2016roymorgansocial Leave a comment

Original article by Vesna Poljak, Jonathan Shapiro
The Australian Financial Review – Page: 15 & 22 : 15-Sep-16

Investors have been warned to expect further volatility in equity markets until the US Federal Reserve resumes increasing interest rates. Many global fund managers anticipate that the central bank will begin tightening monetary policy soon, although they generally expect rates to rise gradually. The recent equities sell-down has boosted government bond yields, and there is growing concern that the bond market’s long bull run may be nearing its end.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, STANDARD AND POOR’S ASX 200 INDEX, MAGELLAN FINANCIAL GROUP LIMITED – ASX MFG, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, K2 ASSET MANAGEMENT HOLDINGS LIMITED – ASX KAM, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM

Correction fears as bears claw back hopes of rally

September 14, 2016roymorgansocial Leave a comment

Original article by Chris Kohler, Daniel Palmer
The Australian – Page: 19 & 28 : 14-Sep-16

The Australian sharemarket posted further losses on 13 September 2016, after initially rebounding from the sharp fall in the previous trading session. However, US markets rallied after Federal Reserve official Lael Brainard said the central bank should adopt a cautious approach to tightening monetary policy. The Australian market has shed about six per cent in the last three weeks, and Lucinda Chan of Macquarie Private Wealth says further profit-taking is likely.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, MACQUARIE PRIVATE WEALTH MANAGEMENT PTY LTD, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, NASDAQ COMPOSITE INDEX, WOOLWORTHS LIMITED – ASX WOW, MYER HOLDINGS LIMITED – ASX MYR, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, TELSTRA CORPORATION LIMITED – ASX TLS, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Central bank fears spook markets

September 12, 2016roymorgansocial Leave a comment

Original article by Jacob Greber, Sally Rose, Jessica Sier
The Australian Financial Review – Page: 1 & 6 : 12-Sep-16

Australia’s S&P/ASX 200 Index has shed 4.4 per cent since the start of August 2016, and a 2.5 per cent downturn in the S&P 500 is expected to push the local market lower on 12 September. The US market was sold down after a Federal Reserve official suggested that the strength of the US economy could warrant an interest rate cut in the near-term. This prompted renewed support for the US dollar and a sharp rise in bond yields. Meanwhile, Nick Bishop of Aberdeen Asset Management expects an upturn in global financial market volatility in the December quarter.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, UNITED STATES. FEDERAL RESERVE BOARD, ABERDEEN ASSET MANAGEMENT LIMITED, CITIGROUP PTY LTD, UBS GLOBAL ASSET MANAGEMENT (AUSTRALIA) LIMITED, EUROPEAN CENTRAL BANK, RESERVE BANK OF AUSTRALIA

Shareholders to reap $24b in dividends

September 9, 2016roymorgansocial Leave a comment

Original article by Patrick Commins
The Australian Financial Review – Page: 31 : 9-Sep-16

CommSec’s Craig James estimates that shareholders of Australian-listed companies will receive $A16.3bn worth of dividend payments in the three weeks from mid-September 2016. The total payout in the wake of the August reporting season is expected to top $A24bn. Fortescue Metals Group is among the companies that have significantly increased their payout, although rivals BHP Billiton and Rio Tinto have slashed their dividends.

CORPORATES
COMMONWEALTH SECURITIES LIMITED, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT

Heady month ahead putting investors on watch for a fall

September 6, 2016roymorgansocial Leave a comment

Original article by Vanessa Desloires
The Australian Financial Review – Page: 26 : 6-Sep-16

Perpetual’s Matthew Sherwood says the Australian sharemarket could retreat in September 2016, noting that valuations and the outlook for earnings are high at present. The monetary policy meetings of central banks in the US, Japan and Europe will also be a focus for investors. Sharemarkets also often fall in September, as US traders return from the summer break. Michael Gable of Fairmont Equities says the S&P/ASX 200 could test the 5,200-point level in the near-term.

CORPORATES
PERPETUAL LIMITED – ASX PPTFAIRMONT EQUITIES PTY LTDSTANDARD AND POOR’S ASX 200 INDEXUNITED STATES. FEDERAL RESERVE BOARDEUROPEAN CENTRAL BANKBANK OF JAPANBHP BILLITON LIMITED – ASX BHPNATIONAL AUSTRALIA BANK LIMITED – ASX NABAUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZCOMMONWEALTH BANK OF AUSTRALIA – ASX CBAWESTPAC BANKING CORPORATION – ASX WBC

Capex takes back seat as optimism stalls

September 2, 2016roymorgansocial Leave a comment

Original article by Vesna Poljak
The Australian Financial Review – Page: 15 : 2-Sep-16

Businesses are still reluctant to increase their capital investments. Figures released on 1 September 2016 suggest that $A105.2 billion will be spent on capital investments in 2016-17 which is unchanged in non-mining terms. Investors who rely on dividends are likely to benefit from this trend as companies will return some of their capital to them as dividends.

CORPORATES
RIO TINTO LIMITED – ASX RIO, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, NICK SCALI LIMITED – ASX NCK, BHP BILLITON LIMITED – ASX BHP

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